Mmastodon EnvironmentEnergy first seen 9 h ago, last 54 min ago, peak #1
E.ON cleared to buy Ovo Energy as UK market consolidates
Original: And then there were three.... as EON is cleared by the Competition & Mergers Authority to buy Ovo Energy the UK energy m
The UK Competition and Markets Authority has cleared E.ON's takeover of Ovo Energy, reducing Britain's retail energy market to a smaller group of dominant suppliers. Critics say the deal pushes the market further toward an oligopoly, arguing regulators are underestimating the risks of reduced competition for household energy prices.
Why now: Commenters are alarmed that a major acquisition was approved amid concerns about growing concentration in the UK energy market.
E.ONOvo EnergyCompetition and Markets AuthorityUK energy market
Evidence
- And then there were three.... as EON is cleared by the Competition & Mergers Authority to buy Ovo Energy the UK energy market becomes even more of an oligopoly than it was. If you wanted an indication that regulators have little appreciation of the danger of oligopolies, this… · ChrisMayLA6@mastodon.me.uk · 16
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